Go-To-Market Strategy
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๐ Click Once, Diversify Forever! ๐ก๏ธ
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Short Term:
Who do I want to do what? : I want users from Pendle, Equilibria, Radiant and Gains
to use this portfolio to manage their assets instead, without changing their risk exposure.
Shopper/Buyer-Activated Promotions: Give users reward tokens if they share their deposit transaction tweet on SNS
SMART: use GA/Dune to track the data; promotion is that early adopters would be eligible to airdrop, would issue token in 6 months
so it's time-bound.
KPI:
Objectives: Accrue Early Adopters
Indicators: User Growth, Engagement Rate, Conversion Rate, Website Traffic
Mid Term: Gift promotion. Our portfolio dashboard allows dLP and portfolio users to use it for free, it's a valuable gift.
Promotional Marketing: How to Create, Implement & Integrate Campaigns that Really Work
Determine your business goals
4P
Product
Product side: An Omnichain Index Fund
Client side: Users of integrated protocols; they want to save time on rebalancing their portfolio; They would probably monthly check the status of this portfolio
Price:
Product side: Operating expense is nothing at this early stage
Client side: Middle class users would be my clients; They would spend money to save time
Place: Online
Promotion:
Product side: My competitors are all doing promotions;
Client side: Mainly on twitter; Bull market would be the best timing to promote
6C: Cost, Concept, Convenience of Buying, Communication, Customer Relationship, Consistency
Determine your marketing goals (set your marketing goals according to the SMART principles)
Specific
Measurable
Attanable
Relevant
Time-bound
Formulate your target audience
Set KPIs
Form a circular graph
How to operate promotions: write promotional briefs
How to utilize creativity:
Listing: Listing "Who do I want to do what?"
Mind Maps
Brainstorming
The village: A very useful technique is to de๏ฌne all the types of โwhoโ and, in your imagination, people a village with them. Imagine the houses they would live in, the places they would meet, the resources they would need, where they would go for fun and where they would shop. Then aim your promotion to appeal to the village.
Being someone else: Imagine yourself as someone else, which is to think from another person's perspective.
How to select suppliers: There are several indicators
creative ability
communication ability
budget control ability
good service ability
good performance record
How to implement promotions
No discount promotion: Twitter, Debank Feeds, Lenster, Linked
Shopper/Buyer-Activated Promotions: Give users reward tokens if they share their deposit transaction tweet on SNS
Example: Intersport held a promotional event, the rule of which was that when you go for a night run, if you can make a track that forms the shape of 'IS', you can get a coupon. You think, since you are going to run anyway, you plan this route so that the track forms an 'IS'. Now even more complex tracks can be formed, so running an 'IS' should be a very easy task, you just need to plan a few blocks to run an 'S'. Run an 'IS', show it off, and you can get a reward. This is to use a little reward to encourage consumers to talk about you and help you promote.
Discount promotions
Direct discount: Use liquidity mining as a direct discount
Joint promotions: Collaborate with other protocols to launch activities, our portfolio provides liquidity, and the protocol gives us whitelist access to connect to the pool for mining first or gives us a higher reward.
Price reduction promotion: not that feasible in Web3
Gift promotion: Our portfolio dashboard allows dLP and portfolio users to use it for free, it's a valuable gift.
Prize promotions: We can give out a random amount of governance tokens as prize promotions
Check applicable laws and regulations
Marketing quantification (measurement, evaluation, research): Check the TVL and transaction amounts on Dune
Feedback for the next iteration
How to select suppliers: There are several indicators
creative ability
communication ability
budget control ability
good service ability
good performance record
3 suggestions
provide valuable and positive solutions during promotions: meaning the solutions you provide to consumers must be valuable and positive
promotions are better than discounts: If you frequently offer fifty percent or sixty percent discounts, this will lower the consumer's expectations of your product's value; whereas promotional schemes are complex, more incidental, and because costs are sometimes intangible, it is difficult for consumers to calculate, hence it is easier to maintain the product's value
include promotions in all forms of advertising: If you have a good promotional planning and event, make sure to use various forms of communication to get the message out.
The golden rule for creating promotional goals is called "stay relevant, strive for simplicity"
During the process of setting up promotional planning, you need to ask yourself 4 questions:
who is the key to solving the business problem? Right now, the protocol is the key to solving the business problem (investment).
what kind of people are the customers?
short term: radiant, pendle, equilibria, treasure DAO, rETH, gDAI, DAI holders/investors
mid term: defi degen
long term: average people
what do I really want them to do? I want them to use All Weather Protocol instead of manually managing their assets
who else in the process can influence the decision-makers? KOL, friends or other competitors
Promotions have 12 objectives, to achieve a perfect promotion, you usually need to achieve 12 objectives:
Increase sales
Increase trial rate
Increase repeat purchase rate
Increase loyalty
Expand the scope of use
Generate product interest
Create and enhance brand awareness
Shift the focus on price
Gain the support of middlemen
Price Discrimination
After operating customer account errors, restore the brand image, and shift the customer's focus on complaints, this is also the goal of promotions.
Salvaging the damaged brand image due to the poor service
Cooperate with KOL: 75%
of British products are sold by 18%
of the people, so we need to find KOLs to sell."